Shanghai copper continues to explore the bottom and the downstream market is heating up

During the Asian session, London copper fluctuated lower, and the latest quotation at 15:01 Beijing time was 8747 US dollars / ton, down 218 US dollars, or 2.
43%.

In terms of the market, today's domestic spot copper prices fell, Yangtze River spot 1# copper 68280 yuan / ton, down 620 yuan, premium 320-liter 360; The Yangtze River Comprehensive 1# copper price was reported at 68160 yuan / ton, down 580 yuan, 160-280 liters; Guangdong spot 1# copper price reported 68030 yuan / ton, down 550 yuan, discount 10-liter 190; Shanghai spot 1# copper price was 68160 yuan / ton, down 670 yuan
.

In the spot market, the downstream mentality is still more cautious, more choose to purchase at a low price, and there are differences between buyers and sellers, which always reflects the general transaction of goods
.
Although domestic consumer demand is improving, it is still not up to the pressure of the macro atmosphere, and copper prices are difficult to perform
beautifully in the short term.
Today's spot copper prices stabilized at the 68000-68300 line
.

Copper prices have fallen sharply recently, and downstream market trading has heated up, but holders are pessimistic about the future market and have a strong willingness to ship; Copper market inventories have rebounded
sharply due to the recent increase in market arrivals.
And the performance of the terminal industry is still not good, the traditional demand off-season is coming, copper or the trend of weak volatility
.